Assets Acquired
With Conviction.

Redstone Corporate Center I is the preeminent Class A office asset in Seattle's Northend submarket, a market that has consistently outperformed downtown Seattle on both occupancy and rent growth. The building commands an outsized share of Class A inventory in a submarket where new supply has not been delivered in over 25 years and is not anticipated. Its location at the center of Lynnwood's transit-oriented transformation, with direct light rail connectivity to Seattle, the University District, and Sea-Tac Airport, positions it as the address of choice for organizations seeking institutional-quality space with genuine urban-suburban accessibility. Comprehensive capital improvements completed in 2024 ensure the asset is positioned to compete at the top of its market for years to come. We purchased this building because it is the best asset in its submarket, in a geography with structural tailwinds, at a basis that reflects the opportunity.

Gateway One is a highly amenitized Class A office building less than one mile from downtown Bellevue, one of the most supply-constrained and economically vibrant suburban office markets in the United States. The building's signature three-story atrium lobby, best-in-class conference and fitness amenities, and location along the East Link Light Rail corridor give it a tenant experience that is difficult to replicate in its submarket. The 9.25-acre site carries a 1.0 FAR upzoning for office, multifamily, hotel, and lab use. Only a fraction of that entitlement is currently in use, creating long-term development optionality and a compelling floor on asset value. We acquired this building because of its irreplaceable location at downtown Bellevue's doorstep, with adjacent freeway access, its amenity-rich advantage over the competitive set, and the embedded optionality its land position provides.

Kruse Woods V is the highest-quality office asset in the Kruse Way submarket, the most active suburban office corridor in the Portland metropolitan area and one of the strongest performing suburban office markets in the Western United States. Located in Lake Oswego, the building sits within one of the most affluent and educated communities in the Pacific Northwest, surrounded by walkable retail amenities, executive housing, and immediate freeway connectivity to the broader metro. Its institutional-quality tenant roster, anchored by Precision Castparts Corp. (Berkshire Hathaway), Columbia Bank, NAVEX Global, and Delap, reflects the submarket's demonstrated ability to attract and retain high-caliber credit tenants. We acquired this building because it is the dominant asset in an institutionally dominated submarket with structural demand advantages, exceptional demographics, and a virtually non-existent new supply pipeline.